Edition 1429
24 June 2017
Edition: 1429

Read this week's issue online exactly as it appears in print.

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Elimination of three tax havens ‘illegal’ – Opposition

by TPN/ Lusa, in Business · 15-06-2017 12:58:00 · 0 Comments

Portugal’s main opposition party, PSD, has accused the Socialist government of illegally removing three territories from a list of tax havens without complying with the criteria defined in the law, a charge which the government has strongly denied.

Elimination of three tax havens ‘illegal’ – Opposition

In a debate requested by the PSD on removing Jersey, the Isle of Man and Uruguay from a list of territories with more favourable taxation, the Portuguese tax secretary, Fernando Rocha Andrade, said “no opinion from the Tax Authority was needed to approve the decision contrary to what various MPs had insinuated and stated”.
The PSD deputy whip António Leitão Amaro accused the government of conducting a “tax blackout” that not only removed the territories from the list, but even reduced their taxation rates in Portugal.
Despite the explanations from Rocha Andrade, Leitão Amaro reiterated his arguments adding that “a political decision cannot be (allowed to be) illegal”.

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Edition 1429
24 June 2017
Edition: 1429

Read this week's issue online exactly as it appears in print.

Twitter